JPMorgan Chase & Co. Purchases 29,747 Shares of Enterprise Financial Services Corp (NASDAQ:EFSC)

JPMorgan Chase & Co. increased its position in shares of Enterprise Financial Services Corp (NASDAQ:EFSC) by 5.6% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 557,875 shares of the bank’s stock after buying an additional 29,747 shares during the quarter. JPMorgan Chase & Co.’s holdings in Enterprise Financial Services were worth $28,597,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Wellington Management Group LLP boosted its holdings in Enterprise Financial Services by 16.6% during the third quarter. Wellington Management Group LLP now owns 3,545,092 shares of the bank’s stock valued at $181,721,000 after acquiring an additional 505,552 shares during the period. Foundry Partners LLC lifted its position in shares of Enterprise Financial Services by 1,856.8% during the 3rd quarter. Foundry Partners LLC now owns 130,869 shares of the bank’s stock worth $6,708,000 after purchasing an additional 124,181 shares during the last quarter. Eagle Asset Management Inc. acquired a new position in shares of Enterprise Financial Services during the 3rd quarter worth about $6,095,000. American Century Companies Inc. boosted its stake in Enterprise Financial Services by 19.1% during the 2nd quarter. American Century Companies Inc. now owns 655,490 shares of the bank’s stock valued at $26,816,000 after purchasing an additional 104,960 shares during the period. Finally, Dimensional Fund Advisors LP grew its holdings in Enterprise Financial Services by 3.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,084,093 shares of the bank’s stock valued at $85,257,000 after buying an additional 71,502 shares during the last quarter. 72.21% of the stock is currently owned by institutional investors and hedge funds.

Enterprise Financial Services Trading Down 0.9 %

Enterprise Financial Services stock opened at $55.12 on Wednesday. The business has a 50 day moving average price of $57.99 and a two-hundred day moving average price of $52.18. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.27. Enterprise Financial Services Corp has a 12 month low of $37.28 and a 12 month high of $63.13. The stock has a market cap of $2.05 billion, a price-to-earnings ratio of 11.68 and a beta of 1.00.

Enterprise Financial Services (NASDAQ:EFSC) last issued its earnings results on Monday, October 21st. The bank reported $1.29 EPS for the quarter, beating analysts’ consensus estimates of $1.14 by $0.15. The business had revenue of $164.89 million during the quarter, compared to analyst estimates of $157.56 million. Enterprise Financial Services had a return on equity of 10.81% and a net margin of 19.73%. As a group, equities analysts forecast that Enterprise Financial Services Corp will post 4.77 EPS for the current year.

Enterprise Financial Services Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th were given a dividend of $0.28 per share. This is a positive change from Enterprise Financial Services’s previous quarterly dividend of $0.27. This represents a $1.12 annualized dividend and a dividend yield of 2.03%. The ex-dividend date of this dividend was Monday, December 16th. Enterprise Financial Services’s payout ratio is 23.73%.

Insider Activity at Enterprise Financial Services

In related news, Director Richard Sanborn sold 100,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $59.56, for a total transaction of $5,956,000.00. Following the completion of the transaction, the director now owns 40,950 shares in the company, valued at $2,438,982. This trade represents a 70.95 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 2.30% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on EFSC. Piper Sandler increased their price objective on Enterprise Financial Services from $58.00 to $62.00 and gave the company an “overweight” rating in a research report on Wednesday, October 23rd. Keefe, Bruyette & Woods upped their target price on shares of Enterprise Financial Services from $59.00 to $68.00 and gave the company an “outperform” rating in a research note on Wednesday, December 4th.

Enterprise Financial Services Profile

Enterprise Financial Services Corp operates as the holding company for Enterprise Bank & Trust that offers banking and wealth management services to individuals and corporate customers primarily in Arizona, California, Florida, Kansas, Missouri, Nevada, and New Mexico. It provides checking, savings, money market accounts, and certificates of deposit.